What is Scotiabank’s Estimate for LAR FY2025 Earnings?

Lithium Americas (Argentina) Corp. (NYSE:LAR) – Investment analysts at Scotiabank dropped their FY2025 earnings estimates for shares of Lithium Americas (Argentina) in a report released on Wednesday, November 12th. Scotiabank analyst B. Isaacson now expects that the company will earn ($0.46) per share for the year, down from their prior forecast of ($0.07). Scotiabank has a “Sector Perform” rating and a $4.25 price objective on the stock. The consensus estimate for Lithium Americas (Argentina)’s current full-year earnings is ($0.05) per share.

Lithium Americas (Argentina) (NYSE:LAR) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01).

Other research analysts have also issued reports about the company. BMO Capital Markets upped their target price on Lithium Americas (Argentina) from $2.50 to $4.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 12th. National Bankshares raised shares of Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $2.90 to $4.50 in a research report on Tuesday, August 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Lithium Americas (Argentina) in a research report on Wednesday, October 8th. National Bank Financial upgraded shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 11th. Finally, Zacks Research upgraded shares of Lithium Americas (Argentina) from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $4.25.

Lithium Americas (Argentina) Price Performance

LAR opened at $4.34 on Friday. Lithium Americas has a 1 year low of $1.71 and a 1 year high of $5.47. The stock has a fifty day moving average price of $3.93 and a 200 day moving average price of $2.97.

Institutional Investors Weigh In On Lithium Americas (Argentina)

Several hedge funds and other institutional investors have recently modified their holdings of LAR. Cibc World Market Inc. raised its stake in Lithium Americas (Argentina) by 2.3% during the 3rd quarter. Cibc World Market Inc. now owns 128,053 shares of the company’s stock valued at $428,000 after purchasing an additional 2,940 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Lithium Americas (Argentina) by 3.0% during the second quarter. Brown Advisory Inc. now owns 103,636 shares of the company’s stock valued at $216,000 after purchasing an additional 3,000 shares during the period. Raymond James Financial Inc. raised its stake in shares of Lithium Americas (Argentina) by 14.1% in the second quarter. Raymond James Financial Inc. now owns 26,030 shares of the company’s stock valued at $54,000 after purchasing an additional 3,214 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Lithium Americas (Argentina) by 45.3% in the third quarter. BNP Paribas Financial Markets now owns 11,388 shares of the company’s stock worth $38,000 after purchasing an additional 3,552 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Lithium Americas (Argentina) by 7.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 54,020 shares of the company’s stock worth $112,000 after buying an additional 3,575 shares in the last quarter. Institutional investors and hedge funds own 49.17% of the company’s stock.

Lithium Americas (Argentina) Company Profile

Lithium Argentina AG, a resource and materials company, focuses on advancing lithium projects in Argentina. The company owns interests in the Cauchari-Olaroz project located in Jujuy province; and the Pastos Grandes project located in Salta Province of Argentina. The company was formerly known as Lithium Americas (Argentina) Corp.